Plan Snapshot
- Plan Sponsor: Joe Gibbs Racing, LLC
- Sponsor EIN: 923748332
- Sponsor Address: 13415 REESE BLVD W, HUNTERSVILLE, NC, 280787933
- Plan Type: 401(k)
- Total Participants: 479
- Total Assets: $80.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 479 | $80.8M | $790,294 | $3.4M |
| 2023 | 453 | $76.3M | $781,110 | $3.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $85,746 | — | $85,746 |
| RPA FINANCIAL, LLC | Investment Advisor | $73,429 | $571 | $74,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $159,746
- Estimated Expense Ratio: 0.198% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $159,817 | $73,429 | $85,746 | — | — |
| 2023 | $151,372 | $72,982 | $78,390 | — | — |